The dollar and yen ebbed moderately, especially against the dollar bloc currencies, which lifted concomitantly with a rebound in U.S. equity index futures after another sharply negative close on Wall Street yesterday. Global stock markets are still set for their first down week since March. In the U.S., the failure of the Senate to gets […]
The dollar and yen remained on a softening tack, the pound hit fresh lows before paring losses, while the euro and dollar bloc currencies occupied the outperforming lane. EUR-USD drifted higher, posting an intraday peak at 1.1874. Broad demand for the euro has been driving, while concurrent gains in the dollar bloc currencies have been […]
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.
Gold prices have rallied more than 1.1% this week but remain within a broader consolidation formation. Here are the levels that matter on the XAU/USD technical charts.
The US Dollar is trying to reverse higher against ASEAN FX. USD/SGD, USD/MYR and USD/PHP have closed above key falling trend lines. Will USD/IDR follow higher?
The Indian Rupee rose against the US Dollar after USD/INR rejected a push above a former rising trend line. The Nifty 50 risks turning lower on a bearish chart pattern.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bearish contrarian trading bias.
The US Dollar is working on bucking the trend and reversing higher; next week could pivotal to this outlook.
USD/MXN is trading around support, but has some reasons to perhaps not only hold it but rally strong from it.
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